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MKC — McCormick & Company, Incorporated News Story

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McCormick up after third-quarter sales beat estimates

BUZZ-McCormick up after third-quarter sales beat estimates  

** Shares of Cholula hot sauce maker McCormick MKC.N up about 5% at $48.51 premarket

** Co beat Q3 sales estimates, helped by resilient demand for its seasonings and sauces despite tightening budgets and macroeconomic uncertainty

** Logs Q3 sales of $2.02 billion vs estimates of $1.98 billion - data compiled by LSEG

** Posts 1.2% rise in quarterly adjusted profit to 86 cents per share

** Co reaffirms annual profit and sales forecast

** As of last close, stock down ~32% YTD


(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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